New Delhi: Shares of electric two-wheeler maker Ather Energy Ltd on Tuesday listed with a premium of over 2 per cent against the issue price of Rs 321.The stock started the trade at Rs 326.05, up 1.57 per cent from the issue price on the BSE.
This was the first mainboard public issue of the current financial year 2025-26.The initial public offering (IPO) was a combination of a fresh issue of equity shares worth Rs 2,626 crore and an offer-for-sale of 1.1 crore equity shares by promoters and other shareholders.This is the second electric two-wheeler company to go public after Ola Electric Mobility floated its Rs 6,145-crore IPO in August last year.
Later, it climbed 3.70 per cent to Rs 332.90.At the NSE, it listed at Rs 328, a premium of 2.18 per cent.The company's market valuation stood at Rs 12,110.53 crore.In the equity market, the 30-share BSE benchmark gauge was trading 238.61 points lower at 80,549.43. The NSE Nifty was quoted 81.05 points down at 24,380.10.Ather Energy's initial public offer got subscribed 1.43 times on the closing day of bidding on Wednesday, backed by oversubscription in QIB and retail investor categories.The Rs 2,981-crore initial share sale had a price band of Rs 304-321 apiece.
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